Gross capital formation in the Philippines 2013-2023
The gross capital formation in the Philippines increased by 2.1 billion U.S. dollars (+2.1 percent) in 2023 in comparison to the previous year. While the growth is slowing down, with 101.95 billion U.S. dollars, the gross capital formation is at its peak in the observed period.
Gross capital formation comprises expenses on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements, plant, machinery, and equipment purchases, and the construction of roads, railways, schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales.
Find more statistics on other topics about the Philippines with key insights such as total reserves, charges for the use of intellectual property, and annual growth of gross capital formation.
Gross capital formation comprises expenses on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements, plant, machinery, and equipment purchases, and the construction of roads, railways, schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales.
Find more statistics on other topics about the Philippines with key insights such as total reserves, charges for the use of intellectual property, and annual growth of gross capital formation.
